06 Feb 11.10 AM: Sensex back at 9900; ICICI Bank rallies 6 per cent

06 February 2006

The weak closing by the US indices on Friday and a subdued trend across most Asian markets are not having any impact on the Indian indices today. The bounce back in oil prices after the IAEA referred Iran to the UN is also not affecting sentiment.

The Sensex opened the day at 9746 and saw a high of 9904. The index is trading higher by 157 points at 9900 at 11.10 AM.

The Nifty opened at 2941 and saw a high of 2978. The index is trading at 2978, higher by 37 points.

After being one of the biggest losers among index stocks last week, ICICI Bank rallied this morning. The stock is trading with gains of nearly 6 per cent at Rs605 on the NSE.

HDFC is giving good company to ICICI Bank with gains of more than 3.5 per cent.